Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 7) the cost of producing x teddy bears per day at

7) The cost of producing x teddy bears per day at the Cuddly Companion Co....

80.2K

Verified Solution

Question

Accounting

7)

The cost of producing x teddy bears per day at the Cuddly Companion Co. is calculated by their marketing staff to be given by the formula

C(x) = 100 + 41x 0.04x2.

(a)

Find the marginal cost function C'(x).

C'(x) =

Use it to determine how fast the cost is going up (in $) at a production level of 100 teddy bears.

$__________ per teddy bear

Compare this with the exact cost of producing the 101st teddy bear (in $).

The cost is increasing at a rate of $ _________ per teddy bear. The exact cost of producing the 101st teddy bear is $__________ . Thus, there is a difference of $__________ .

(b)

Find the average cost function

C,

and evaluate C(100) (in $).

C(x)=

C(100)= $___________ per teddy bear

What does the answer tell you?

The average cost of producing the first hundred teddy bears is $_______ per teddy bear.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

19 1 point E What would be the first step in this construction Label point...

Chemistry
1.2K views

What would be the appropriate equilibrium temperature of a system obtained by adding 25.0 g of...

Chemistry
1.2K views

50.00ml of a saturated solution of calcium hydroxide is titrated with (5.00 x 10^-2 M) HNO3....

Psychology
1.2K views

Describe a specific example of how some aspect of culture either influences the diagnosis OR symptom presentation...

Economics
1.2K views

Given the following supply and demand equations, solve the following supply: p=q Demand: p=200-p a) What is the market...

Algebra
1.2K views

the trinomial of state that 17x 12 A 7x 4 x 3 B 7x 4...

Algebra
1.2K views

DHS Corp has announced that its net income for the year ended June 30, 2017,...

Accounting
1.2K views

Rosco Works, Inc. estimated that $5,000 of the $98,000 balance in accounts receivable would be...

Accounting
1.2K views

Krystal has unread 82 emails in her inbox. She wants to reduce this number. She...

Accounting
1.2K views

James Duffney, CPA, has randomly selected and audited a sample of 100 of Will-Mart's accounts...

Accounting
1.2K views

only d,e,f Exerclse 3: Margins (10 points) The product manager...

Accounting
1.2K views

Consider the following two investments: Which project has the shortest payback period? A...